The book publishing market has been created based on an indepth market analysis with inputs from industry experts. This publishing industry trend is pretty easy to wrap your head around. Office of occupational statistics and employment projections earnings and hours. The book publishing industry, once given up for dead, is enjoying surprising health. Here are five trends to watch for in the publishing realm. The association of american publishers aap and the book industry study group bisg launched a new industry statistics model, bookstats, to carefully track transformational shifts in how book content is produced and sold in the digital age. Auto market trends, insights, and more from black book. Book publishing market 2020 global industry trends, share. The following guide to industry information, research, and analysis provides sources for industry trends and statistics, market research and analysis, financial ratios and salary surveys, and more. Publisher revenue for trade books fiction, nonfiction and religious presses were reported by survey respondents to be effectively flat at 0. Seven technology trends and three industry goals the publishing industry, as many other ones, is facing all the risks and opportunities linked.
The state of the publishing industry in 5 charts jane. Since november 2007, when introduced the kindle, ebooks have taken a larger share of the book market each year. In an education session at this years bookexpo, david walter, executive director of npd book previously nielsen book, delivered a report from the industry data analysis company that describes the outlook for the u. The market research report identifies and prioritizes opportunities for global publishing industry by product type, end user industry, and region. The publishing industry still makes money mostly on its backlist but with authors looking to monetize in other ways and selfpublishing taking a portion of authors, the economics are becoming more and more difficult for publishers to make a return on book sales alone. Photo via pixabay in the changing technological landscape of the 21st century, the book publishing industry is in constant flux. The 4 digital publishing trends to watch in 2017 publishing. Published on apr 24, 2017 for more on how bookstores are doing globally,and the future of the publishing industry, cgtns rachelle akuffo spoke with the ceo of cursor, richard nash. Top 10 publishing trends every author needs to know 2019.
Stay updated with the latest hot topics on academic publishing. Learn from industry experts with reports, white papers, and articles. Now, buying and reading books comes down to one click. Discover all relevant statistics and facts on the u. Get up to speed on any industry with comprehensive intelligence that is easy to read. I write about the future of books and the business of storytelling. Nov 09, 2017 consultants are not always known for the accuracy of their predictions, and in this case mckinsey misjudged. Jan 18, 2017 coker has many predictions for the trends that will impact the industry in 2017 and beyond. In the opening days of 2019, the publishing industry is looking towards the future. While they may continue to grow, only a certain segment of book. Several of todays established small press publishing houses started as epublishers in 19982000. Jan 27, 2017 here is what one of our industry friends thinks about this development. This revenue does not only include ebooks but digital newspapers, blogs, online music, and animation.
Regardless of how you influence business decisions, the outlook can help you understand industry trends so you can capitalise on. Find industry analysis, statistics, trends, data and forecasts on global book publishing from ibisworld. Jun 07, 2018 the publishing world is often defined by trends its been this way since the start of the century. Sales for all of salems publishing division rose 3. Five key trends in the book market news for authors. By using scalable, dynamic metadata and deep analysis of written content, storyfit uncovers narrative trends and insights that inform market and sales strategies. Theres been a void in our understanding of startup activity specific. Probably the most useful takeaway from the future of book publishing panel, held wednesday at the javits center, was that the future of the industry isnt some faraway possibility. Heres what the publishing industry looks like in 2020. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size. Around 2005, digital magazines first emerged as glorified flip books. The future of books is being dwarfed by the narrative film industry as a moneymaker that minimizes the publishing industry, which is currently in the throes of financial revolution and disorder. As traditional distribution channels lose traction, the danger to the economic survival of books will become more and more evident.
Book fair gets underway, here are some of the biggest trends im watching. Oct 08, 2019 a prior post described the new structure of the book publishing ecosystem. Get access to recent reports and trends from the publishing industry. Find industry analysis, statistics, trends, data and forecasts on book publishing in the uk from ibisworld. Jane friedman has 20 years of experience in the publishing industry, with expertise in digital media strategy for authors and publishers. High level overview of the publishing industry 2017. Seven technology trends and three industry goals the publishing industry, as many other ones, is facing. Industry market research reports, statistics, analysis, data, trends and forecasts. Publishing industry outlook october 2017 october, 2017. This week the entire usbased publishing industry is descending upon new york for a three day celebration of books known as the bookexpo. The majority of fiction sales will come from ebooks.
The report covered a number of interesting trends in addition to the. What is the future of the book publishing industry, given the. This octobers data revealed that trade publishing revenue book publishing excluding education was down slightly. So far, the selfhelp personal growth category is up 5.
As the publishing world gathers for the london book fair, now ten years. At the link below you can download my latest report, an authoritative look at book publishing startups in the united states. Millions of books and billions of dollars are amassed annually by chasing trends. Sep 07, 2017 high level overview of the publishing industry 2017 1. Shes the cofounder and editor of the hot sheet, the essential publishing industry newsletter for authors, and the former publisher of writers digest. The top trends that will reshape the world in the next 20 years. The industry gets rocked by a blockbuster title, and for years after that, publishers and authors play follow the leader. I remain optimistic about he future of indie publishing.
Jan 14, 2020 to view the original version on the express wire visit book publishing market 2020 global industry trends, share, size, demand, growth opportunities, industry revenue, future and business analysis. For projected future employment estimates, see the national employment matrix, which includes employment estimates by industry and occupation for publishing industries except internet. Overview of the chinese book market publishdrive blog. The top 8 trends for publishers in 2018 digital content next. Book publishing in the uk industry data, trends, stats. According to the annual survey of chinas digital publishing industry quoted by chinese book market data 2017, revenue of digital publishing was 440. Book publishing industry analysis, trends, statistics, and. The table for digital publishing in 2017 was actually set last fall when. While the formats and topics may change over the years, its hard to imagine a future in which books do not remain an integral aspect of the daily. The 3 biggest trends in publishing right now the writing. All courses are taught by industry professionals and cover the latest developments in print and digital publishing. And back then and for most of the time since, most book readers. Introduction book fairs play a vital role in societies.
Jordan peeles 2017 film, get out, brought social thrillerhorror to the forefront of storytelling discussions in a big way, and this year. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Kristen is a 20year veteran of the publishing industry, with a career spanning many roles, including retailing, buying, field sales, marketing, and business development. An authoritative look at book publishing startups thad. Rentals, it turned out, were only one of many textbook industry trends upending traditional publishers, from new digital competitors to openlicense textbook initiatives. Publishing industry financial news publishers weekly. Selfpublishingchampioned to circumvent the persistent formality of the traditional publishing industryhas become a proving ground for that very system. Richard nash discusses the future of the publishing industry. Apr 24, 2017 published on apr 24, 2017 for more on how bookstores are doing globally,and the future of the publishing industry, cgtns rachelle akuffo spoke with the ceo of cursor, richard nash. During a recent book business webinar, i interviewed three book industry experts to uncover the critical trends that will likely have the greatest impact in 2019. For publishers, these trends also offer a peek into the future and some. These courses include introduction to book publishing, book editing, book design software, book marketing, the business of book publishing, and digital skills. The trailblazer awards, run by the london book fair, in partnership with the publishers association, together with syp and bookbrunch celebrate young publishers who are demonstrating innovation and ambition in the book industry.
Oct 12, 2017 storyfit, an austinbased technology company, was created to introduce ai directly to the publishing, television, and film industries. Our research suggests that textbook rentals will start to cannibalize newtextbook sales by 2017, resulting in a reduction in new book sales of 5. New trends 2017 were delighted to report that bics new trends in publishing seminar took place on tuesday 5th september 2017 at the beautiful stationers hall, london a lovely venue to contemplate the future of the book industry and network with colleagues and other bic members. Popular predictions include the continued rise of audiobooks, political nonfiction, books clubs and the niche. Trends, tastes, consumers, and technology all change our relationship with words and stories. Top ten trends in publishing every author needs to know in. Publishers as well as indie authors will need to be alert to new markets, new ebook reader devices, new ebook formats, new developments in technology, etc. Kristen mclean is the executive director of business development in the npd books practice, the team behind npd bookscan tm.
This means serving the content audiences want, through the channels they want, and trying to monetize this thanks to improved reader loyalty and more satisfying experience. What is the future of the book publishing industry, given. Bic new trends in publishing seminar new trends 2017. The future of the book publishing industry will be based on. A few of the top print books for the first half of 2017 include the poetry book milk and honey by rupi kaur notable because it was first selfpublished, hillbilly elegy by jd vance, the handmaids tale by margaret atwood, and camino island by john grisham. We have blazed a trail through the staid book publishing industry, releasing books that have sparked cultural trends and redefined commonly held perceptions of the purpose and role of art books in. The annual trailblazer awards now open for submissions, welcoming entries from book professionals aged 30 or under. The book publishing industry in the united states generated net revenues of around 26 billion u. Print, despite its comeback over the past year or so due to the adult coloring book fad, will continue to lose ground to ebooks, he says. Using the latest data and industry insights, the future of publishing the 2017 edition takes a look at where book publishing is headed circa fall, 2017. With book publishing, weve found a way to better support this kind of work, allow writers to get paid and, while perhaps not make a profit, ensure the. We look at what this information may mean for the overall health and direction of our industry. I wrote the analysis in december, 2016, and published in early 2017. I collected the data in the report over nearly 5 years.
We use the american association of publishers data to take the pulse of the overall book market, and ereading in particular. The top trends that will reshape the world in the next 20 years canton, james on. Industry statistics cover all companies in the united states, both public and private, ranging in size from small businesses to market leaders. Publishing industry 2020 view trends, analysis and statistics.
The publishing world is often defined by trends its been this way since the start of the century. Top ten trends in publishing every author needs to know in 2017 1. Introduction michael cairns is a publishing and media executive with over 25 years experience in business strategy, operations and technology implementation. High level overview of the publishing industry 2017 1. Global book publishing industry data, trends, stats ibisworld. She is the publisher of the hot sheet, the essential newsletter on the publishing industry for authors, and was named publishing commentator of the year by digital book world in 2019. As traditional distribution channels lose traction, the danger to the economic survival of books. Michael cairns managing partner information media partners education publishing market overview. As the publishing world gathers for the london book fair, now ten years after the birth of the iphone and the kindle, industry vet and the. The australian publishers association is the peak body for australian book, journal and electronic publishers. Kristen mclean is the executive director of business development in the npd books practice, the team behind npd bookscantm.